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Nov 16, 2012
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this is about egypt and the 1979 peace treaty. >> right. i'm going to get back to the whole issue of the spreading war. but i'm just real interested in the assessment, ambassador williamson, welcome back, that israel can just inflict massive, permanent damage on hamas and their alleged military. >> well, larry, first of all, i think it's really important to take a step back. we've been involved in a presidential election that sucked up the oxygen. hamas is a group that's recognized as a terrorist organization by the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles went into southern israel. so israel for its own self-defense, its right of self-defense is organizing, rallying more reserve troops, getting ready for more permanent action. it can and should do what's necessary to protect its citizens, which means inflicting damage on hamas. >> heavy damage, deep damage. go as long as it takes. but john, given what you and
this is about egypt and the 1979 peace treaty. >> right. i'm going to get back to the whole issue of the spreading war. but i'm just real interested in the assessment, ambassador williamson, welcome back, that israel can just inflict massive, permanent damage on hamas and their alleged military. >> well, larry, first of all, i think it's really important to take a step back. we've been involved in a presidential election that sucked up the oxygen. hamas is a group that's recognized...
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Nov 20, 2012
11/12
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can israel really trust egypt or turkey? martin fletcher joins us now. >> larry, it's been another day of bitter fighting between palestinians and israels. they have been continuing to bombard targets in gaza. over 110 palestinians, several hundred wounded. the palestinians at a lower pace than before. the rockets fired at israel today. no serious damage done today. successfully intercepted those rocketsment all of the attention is on the question will israel invade gaza with its army or will there be a truce. there is intense negotiations especially in the arab world. trying to get israel and hamas to agree to a truce. but the question now is what will come first? truce or a ground invasion? very close call. everyone, of course, hoping that a truce will take place but an israeli invasion is very much on the coards. >> now let's get some good analysis. we have dan, co-author of start-up nation. dan, welcome back. you know, this whole business about this discussion israel supposedly negotiating with turkey and egypt. a former
can israel really trust egypt or turkey? martin fletcher joins us now. >> larry, it's been another day of bitter fighting between palestinians and israels. they have been continuing to bombard targets in gaza. over 110 palestinians, several hundred wounded. the palestinians at a lower pace than before. the rockets fired at israel today. no serious damage done today. successfully intercepted those rocketsment all of the attention is on the question will israel invade gaza with its army or...
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Nov 22, 2012
11/12
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into egypt. now the hamas, they want israel to pull the military out. and have a complete opening of the borders. into egypt. general clark, doesn't that open the door, if that ever happened, to iranians rearming, rearming three egypt, through the sinai, rearming hamas just like they always do. >> of course, and israel can't permit that and shouldn't permit that. this is where egypt has to step up and say, we will insure that no weapons get back into gaza. that has to be worked out in stages and demonstrated. it has to be checked and verified. and israel has a continuing interest and should have a continuing right to verify that. >> do you think, general, serious, do you think that hamas, i hope i'm not being too cynical, but hamas in some sense, gained a public relations victory? is that possible? and when you talk about egypt, egypt helped them gain a public relations victory? that kind of burns the back of my neck, general. but that's kind of the way i see it. >> obviously, they are going to s
into egypt. now the hamas, they want israel to pull the military out. and have a complete opening of the borders. into egypt. general clark, doesn't that open the door, if that ever happened, to iranians rearming, rearming three egypt, through the sinai, rearming hamas just like they always do. >> of course, and israel can't permit that and shouldn't permit that. this is where egypt has to step up and say, we will insure that no weapons get back into gaza. that has to be worked out in...
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Nov 28, 2012
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investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agreed at broad level probably by the end of this year. that really averts the immediate threat of the balance payment crisis. that was a very real significant threat up until this deal was agreed. but anyone that's expecting very rapid changes i think will be disappointed. i think egypt is moving in the right direction, but it's going to be very much a case of two steps forward and one step back. it's going to be bumpy for at least the next year or so. >> i wonder, too, charles, would egypt be one of the biggest countries in the middle east, an important previous source of stability, what the latest bout of unrest spells for the investment picture broadly speaking? >> we saw that with the israeli-gaza issues of late. really, all across the middle eas
investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agreed at broad level probably by the end of this year. that really averts the immediate threat of the balance payment crisis. that was a very real significant threat up until this deal was agreed. but anyone...
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Nov 28, 2012
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egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmoil. i don't know what's going to happen but that's identical to the trying to eliminate overstabilization of something makes it weaker. that's what we have in egypt. >> the key message is you need volatility, you need stressors in the system, and you need companies and you need markets who can survive those stressors and thrive by them. >> exactly. we need to encourage people to take certain classes of risk. we need more small fluctuation and fewer big crises. in fact we have the exact opposite. things are smooth but with big -- >> very quickly. you said four rules. can you give them qui
egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going...
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Nov 26, 2012
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first of all, egypt. we've seen days of protests because the new president claims some autocratic powers for himself. yesterday was the first day to see the egyptian market. it plummeted. we really don't know how this arab spring is going to unfold as we head into yet another year of it. >> broadly speaking, is that an oil play? >> yes, that's the possibility as we look at unrest. the other issue is argentina. a new york judge made a controversial ruling against argentina. they have a couple of payments coming up in december and we know a lot of emerging market funds own argentine debts and they may not make the coupon payments. that could have an impact. plus, there's controversy about the decision itself and whether or not it could actually impact the payment and settlement system of the international financial market. i'm sure that's going to get resolved but we should be watching. >> there could be a domino effect. >> exactly. uncertainty. >> we're focusing on greece and spain but -- >> they still mat
first of all, egypt. we've seen days of protests because the new president claims some autocratic powers for himself. yesterday was the first day to see the egyptian market. it plummeted. we really don't know how this arab spring is going to unfold as we head into yet another year of it. >> broadly speaking, is that an oil play? >> yes, that's the possibility as we look at unrest. the other issue is argentina. a new york judge made a controversial ruling against argentina. they have...
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Nov 23, 2012
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we're talking about specifically violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this
we're talking about specifically violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly...
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Nov 17, 2012
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not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days away, are we facing a stalemate or is there a new kissy huggy era coming to washington, d.c.? we've got two kissy huggy cnbc contributors. jared bernstein, former vice president, biden chief economist, and kissy huggy jim pethokoukis of the american enterprise institute. jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending
not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days...
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Nov 16, 2012
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egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking towards the idea that just constant cycle and recycle of violence doesn't solve the problem. there have baeen countless strikes since 1967. it doesn't solve anything and also doesn't make iz rally citizens any safe p. the idea that there are extare strategic installations, it's shenksly a big refugee camp. it almost seems overplaying it. so the influence of the egyptian government could be potentially benign. it may have put more restrained response and the idea that there might be some peace initiative. >> david, do you agree the situation could be more b
egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking...
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Nov 21, 2012
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this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets that have been coming out of gaza. >> comes on a day obviously when we were looking at pictures of that bus bombing in h tel aviv. >> exactly. that's incredibly disconcerting for the people of this city. tas scene they've been many times before, but there hasn't been a bus bomb ng israel since 2004 or a terrorist attack since 2006 and seeing that scene on the ground today will be all too familiar for people. the problem is instead of rockets coming in, you're talking about people among us attacking us, it is a very disconcerting proposition, but those two events, the cease fire and this bomb this
this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets...
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Nov 19, 2012
11/12
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focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas' military wing. the israelis say that it is in the driver's seat. it would not stop its aerial assault and not stop possible ground invasion unless hamas halts all rocket fire into southern israel. obviously you can imagine difficult road ahead. right now egypt is meeting with other key players in the region. including the prime minister of turkey, u.n. secretary general moon as well as the prime minister. intense negotiations to avert a ground war in the coming day. >> entire world watching. thank you very much. >>> when we come ba
focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas'...
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Nov 15, 2012
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israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some business here in the united states. with a week to go before the official kickoff to holiday shopping season, it is a big day for retail today. we'll be getting quarterly results from walmart, target, both of these companies before the bell. john lawrence covers the sector for stevens. john, first of all, what can we expect from these two companies with the earnings coming out and what are you seeing with how americans are feeling as we head into the crucial retail season? >> certainly in the case of walmart i think we'll see that they're very bullish on what they've been able to do in the marketplace
israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some...
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Nov 26, 2012
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. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise move ahead of the general election. he is going to stay on until the next administration is in place. and representatives from nearly 200 nations begin climate matt talks.
. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially...
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Nov 14, 2012
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the israeli ambassador will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and what would r
the israeli ambassador will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel...
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Nov 19, 2012
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the other thing that's so different this time around is the role of egypt is completely different because the arab spring has happened. we used to kind of know where -- we knew exactly where hose any mubarak stood. >> are they a mediator? an instigator? >> i don't think they know. >> they're trying to figure out their role. i'm not trying to minimize what's going on but i think traders are using this as an excuse to bid oil prices higher. we're not at a point we're seeing evidence that you can see a cut-off in oil supplies, especially for new york oil. >> that's ultimately the question. will there be a disruption? what series of events would occur to stop the flow of oil? >> suez canal, wherever it is, we're not there yet but trading it up just in case -- >> it ignites something wider. >> our own oil market in new york trades more on our economic fundamentals and tends to follow brent, not the other way around these days. brent's been going higher. >> london brent is far more influenced than by what's going on in texas. >> you bet it is. as the oil market goes, lately, the stock market ha
the other thing that's so different this time around is the role of egypt is completely different because the arab spring has happened. we used to kind of know where -- we knew exactly where hose any mubarak stood. >> are they a mediator? an instigator? >> i don't think they know. >> they're trying to figure out their role. i'm not trying to minimize what's going on but i think traders are using this as an excuse to bid oil prices higher. we're not at a point we're seeing...
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Nov 19, 2012
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>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of running out of money. we've seen it with greece and we think at least the market collectively seems to think things have improved to the point where we are giving this breathing room. the problem is there even if the european central bank bought some time. steve why has it sat on the backburner so long? >> all they do is buy time and for the first time since the 1930s, all of these countries, most of them are raising taxes in the face of a declining economy, which is insign. japanese are doing the same thing. you know it's happening in france, 75% tax rate piling on taxes on business, capital gains,
>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of...
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Nov 19, 2012
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that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above its 50-day moving average. it's been just below that over the last couple of weeks and about $1 above that now. >>> red states versus blue states. is your town a state about to fall off the fiscal cliff? steve leisman has the maps that will show us which states and counties stand to get hit the hardest by potential federal spending cuts. everything is bigger in texas. including the strategy for taking down this building. we'll show you what happened when the engineers pushed the plunger. that's next. >>> if congress drifts u.s. economy off the fiscal cliff, the department of education's 2013 bud
that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above...
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Nov 26, 2012
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. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he means it. >>> there's a euro group meeting today, they might eventually agree to give greece the money. the narrative stands that greece gets the money, they have to calm concerns about the imf. >>> spanish elections in the catolca catalonia win the regional elections. the stock market reacted a little bit, it would have been worse if the leader of the separatist movement had done better. let's move on to what i think is the most interesting story and could definitely affect a lot of investors who watch cnbc, argentina. during all the retail hubaloo, a federal judge in new york ordered argentina to pay
. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he...
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Nov 28, 2012
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president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as we look at some of the pictures ayman, thank you. >>> we're being blown around by some headlines here. we've had great numbers on housing. here's what happened, right about here. came out below expectations. this is some of the negative data points. i was a little surprised by it. the market was, too. then we want representative boehner come out saying he was optimistic. so we're getting blown around by the headlines. downbeat september and october new home sales numbers. let's talk about retail. things are looking good in retail land. american eagle, all had generally positive comments this morning is consumers continues to spend, home prices are rising. holiday promotions have not been expensive, the cost of goods are lower than last y
president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as we look at some of the pictures ayman, thank you. >>> we're being blown around by some headlines here. we've had great numbers...
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Nov 5, 2012
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the middle east from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good news is we won't hit the cliff at the end of the year. the bad news is we'll have uncertainty for nine months because we'll have to address the issue in the fall. is that a better outcome than if obama is in office? i don't know the answer. >> we need to bring people together. we need a uniter for that. we go to the regulatory wall that we talked about. we need somebody who understands the role of regulation in a capitalistic system. the president doesn't have the foggiest idea and he delegates that. >> it's more of the people he's given
the middle east from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good...
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Nov 15, 2012
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. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a minute. >>> this one's going to cause a lot of outrage, i promise. the nation heading toward the edge of that fiscal cliff with sky-high deficits. while there's talk of cuts, cuts, cuts, a new report out today on waste in the federal government. eamon javers has details in washington. eamon? >> well, the new report is out from senator tom coburn, a republican from oklahoma up on capitol hill. in the report he accuses the department of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for
. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a...
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. >>> in egypt mass protests are planned from the muslim brotherhood and opponents in cairo today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized by the degree cree of morsi that gave him sweeping powers, including those to legislate without judicial review. it's not just about the decree. they're disappointed with the pace of reform. they're disappointed with the new constitutional assembly writing a constitution. they say it's not pluralistic and does not represent all of egyptians, and more importantly they're angered by the police force in egypt still using the same brutal tactics they used under mubarak. there have been no reforms and no convictions of officers that killed protestors. they're coming out in large numbers behind me. that has galvanize
. >>> in egypt mass protests are planned from the muslim brotherhood and opponents in cairo today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized...
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and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>> plus a group of america's healthy are pleading to be taxedmore. the so called patriotic millionaires on their second day of a two-day congress fenferenc. we'll see what garrett gruner says on taxation, he's worth nearly $100 million. that's next. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa br
and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>>...
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and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling some fears that the powerhouse of the eurozone economy may be suffering from the impact of the crisis. its first increase in eight months. just over 101.4. in the united states, a half day of trading today post the thanksgiving holiday. is the dow due for a santa rally? we'll talk about it when we come back. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. ♪ you can st
and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling...
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my friends reached out and said where is our best content on egypt? i started sharing on facebook. then my friends got tired of me sharing about the middle east. >> as a lot of friends do. >> i realized there is a need for a better place to share content around your interests where anyone can discover it. that's the idea behind snip it. >> walk me through the journey of raising capital. >> raising capital is always tough. you should always do it when you don't need it. we've been lucky, fortunate to have two amazing firms, both with incredible expertise in social media and a very long-term view. when you start a social media startup you want investors with a long-term view and perspective. >> obviously raises questions about monetization, migration to mobile. how do you make the money? when do you become profitable? what is the endgame? >> the endgame is to be the primary way which people share and discover content. every morning you wake up and go to snip it and that is where the best content is. monetization comes through ads. because people are bro
my friends reached out and said where is our best content on egypt? i started sharing on facebook. then my friends got tired of me sharing about the middle east. >> as a lot of friends do. >> i realized there is a need for a better place to share content around your interests where anyone can discover it. that's the idea behind snip it. >> walk me through the journey of raising capital. >> raising capital is always tough. you should always do it when you don't need it....
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protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500 heat map right now. >> it has feeling like it's been two weeks but it's only one. a week in which as we heard from matt where we had major news this week. not expecting to get any today. certainly the alleged fraud at autonomy and hp stock hitting a ten-year low and not to mention the continued insider trading investigation that included a major indictment of someone. two major stories during the course of the week. >> i know you have been involved in hp and breaking a lot of news related to it. hp was such a huge story. we're not talking about a mid sized company and the problems that the
protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500...
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doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides
doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this...
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we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas down about 4%. warmer temperatures ahead for the month of december. that is what's pressuring the nat gas market. back to you, david. >> now i want to resist a story we brought to you on friday and it continues. not that much has changed. it is still an interesting one getting a lot more play in the general media as well. that's the showdown between paul singer, the man who runs elliott associates, and argentina to put it mildly. there's mr. singer. argentina led by its president who has said no way are we paying you the $1.3 billion in interes
we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities...
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this will be pressure from egypt. there will be pressure from turkey and qatar, the three countries that are the most sympathetic to hamas, because don, i think the fear is warranted. it is not the last time we'll see the conflict between israel and the palestinians. hamas is leading the palestinian people to ruin, hamas must be seen to be a rogue regime. because it is under the palestinian national authority. >> i want to go back to something you said about the president's indifference. do you think it would behoove the president to get involved and trying to solve this crisis? is it even possible to find a solution in the next four years? that question is really asked of every president. >> i think you're absolutely right, from truman, if you want the history, to george bush, people talked about solving the crisis. president obama actually kind of turned away from the region, from the conflict. but now there is noise to do what he can do in the second administration, not the first. it always frustrates american pres
this will be pressure from egypt. there will be pressure from turkey and qatar, the three countries that are the most sympathetic to hamas, because don, i think the fear is warranted. it is not the last time we'll see the conflict between israel and the palestinians. hamas is leading the palestinian people to ruin, hamas must be seen to be a rogue regime. because it is under the palestinian national authority. >> i want to go back to something you said about the president's indifference....
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they want to test egypt and they're winning. egypt is supporting them. qatar is supporting them, turkey is supporting them. this is what's so dangerous about this. this makes the likelihood of peace in the middle east much harder and it empowers gaza and weakens the palestinian authority and i agree with nick that it would be best that the palestinians and israelis sat down and treed to work it out among themselves, but this all relates to the big picture. and you've been to syria and it's an absolute basket case. >> and it is heartbreaking. you see these middle class -- i talked to one woman who a week ago was living this middle class existence with her husband and a nice home in aleppo and a bomb destroys her house and now her husband goes missing and she's living with her family in a white tent in the middle of nowhere. this is happening day in and day out and i think the turmoil in gaza is a gift of president assad. it's a kind of distraction that he's delighted to have. >> the world in the arab community is paying more attention to 30 people being k
they want to test egypt and they're winning. egypt is supporting them. qatar is supporting them, turkey is supporting them. this is what's so dangerous about this. this makes the likelihood of peace in the middle east much harder and it empowers gaza and weakens the palestinian authority and i agree with nick that it would be best that the palestinians and israelis sat down and treed to work it out among themselves, but this all relates to the big picture. and you've been to syria and it's an...
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you had the prime minister of egypt today. egypt will be very careful not to break with israel, not to break camp david, of course, but nonetheless, it's opening up that border and it's going to be easier for hamas to elicit this rocket territory. i think that has them much more worried and much more willing and able to go into places like gaza to try to deal with the threat and deal with the ruse of a threat. >> nick, you mentioned the egyptian president. i want to you listen to a fiery speech he made today about the people of gaza and what egypt thinks. listen to this. >> reporter: we support the people of gaza. we are with them in their trenches. what hurts them hurts us. and the blood that flows from their children is our blood, too. >> riva, these are warlike words. is there any real danger here of this thing spilling beyond this? for all these warlike words between neighbors out there, does anyone else want to get into this fight if israel goes into gaza or will it be between gaza and israel? >> ij for right now we're se
you had the prime minister of egypt today. egypt will be very careful not to break with israel, not to break camp david, of course, but nonetheless, it's opening up that border and it's going to be easier for hamas to elicit this rocket territory. i think that has them much more worried and much more willing and able to go into places like gaza to try to deal with the threat and deal with the ruse of a threat. >> nick, you mentioned the egyptian president. i want to you listen to a fiery...
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and i think even in egypt when you have morsi says, well, the egypt of today is not like the egypt of yesterday. the arab world of today is not like the arab world of yesterday. but fundamentally the mandate now, the mandate of morsi and the mandate of the muslim brotherhood in egypt is to govern this burdened country 80 million some people and the idea that the egyptians even the egyptians with the closest to hamas that they would give a kind of veto over their own policies to hamas i don't give that much credence. >> do you believe the israeli/egyptian peace treaty which was signed in washington in 1979 will survive? >> i believe the egyptian/israeli treaty will survive because it's important for both parties. i think the peace was made and kept by mubarak. i think now the morsi people will not pay homage to this piece, they will not praise it in full daylight but they will abide by it because they know it's essential for their relationship with the united states and for their ability to floetd loans from the international monetary fund and to keep this economy and this society aflo
and i think even in egypt when you have morsi says, well, the egypt of today is not like the egypt of yesterday. the arab world of today is not like the arab world of yesterday. but fundamentally the mandate now, the mandate of morsi and the mandate of the muslim brotherhood in egypt is to govern this burdened country 80 million some people and the idea that the egyptians even the egyptians with the closest to hamas that they would give a kind of veto over their own policies to hamas i don't...
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there have always been historic ties between gaza and egypt. egyptians are very sensitive to everything that goes on in gaza. >> many tunnels from egypt go into gaza to get supplies. >> absolutely. in fact, under mubarak it was much easier because mubarak couldn't care less about hamas. this is a very different issue here, because the muslim brotherhood in egypt really is the mothership, if you will, of hamas and other such organizations. but what will the egyptians do. they have recalled their ambassador from israel and they have told their people that look, president morsi is talking to president obama about bringing the fighting to a halt so that's one thing that we can look forward to. one thing that's very important, tomorrow is friday. there has already been calls for massive demonstration, a million people march, in cairo against the israelis. i think this will be the one country and the one theater to watch. >> fuad, thank you. sara, stay safe. thank you very much. let us know what you think. >>> up next, former cia director david petra
there have always been historic ties between gaza and egypt. egyptians are very sensitive to everything that goes on in gaza. >> many tunnels from egypt go into gaza to get supplies. >> absolutely. in fact, under mubarak it was much easier because mubarak couldn't care less about hamas. this is a very different issue here, because the muslim brotherhood in egypt really is the mothership, if you will, of hamas and other such organizations. but what will the egyptians do. they have...
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egypt needs western money. european and importantly, united states money just to survive economically. the sense is i don't think any of these people want to go to a ground war. israel has an election in two months. they don't want dead soldiers. netanyahu doesn't want dead soldiers. egypt can't afford for things to go south for them as well. i get the feeling that everyone is waiting for a truce to come out to be brought up probably in egypt, and everyone can say they both won and go back to the highly unsatisfactory status quo. >> let's listen to one egyptian official what they believe could be a peace treaty. >> respecting the peace treaty does not mean they're indifferent what is going on along our borders, and what is touching our -- we cannot be indifferent to human suffering. so we are abiding by our obligations, but we are active to help establish real peace in the area. >> what do you make of that? >> we were saying before, there is a need for this truce to come out. i think there's probably being one
egypt needs western money. european and importantly, united states money just to survive economically. the sense is i don't think any of these people want to go to a ground war. israel has an election in two months. they don't want dead soldiers. netanyahu doesn't want dead soldiers. egypt can't afford for things to go south for them as well. i get the feeling that everyone is waiting for a truce to come out to be brought up probably in egypt, and everyone can say they both won and go back to...
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. >>> there have been big protests in egypt. cairo is vowing it won't leave gaza unprotected. in a fiery speech, egyptian president morsi condemned what he calls israel's blatant aggression. >> we support the people of gaza. we are with them in their trenches. what hurts them hurts us and the blood that flows from their children is our blood, too. >> the israeli government says palestinian militants have fired more than 700 rockets at israel over the past year alone and it wants that to stop. and southern israel near the gaza border is right in the rocket's path. near the gaza border, fred, good morning. you have been on the front line near gaza. what are you seeing there? >> hi, randi. we're seeing israeli troops massing there on the front line there. we are massing several sights where we're seeing tanks and bulldozers that are getting ready to invade gaza if they, in fact, are ordered to do so. they said that they're just g getting ready for it right now and perfect to conduct a round of offensive if they feel they are not achieving the goals they want to achieve with the c
. >>> there have been big protests in egypt. cairo is vowing it won't leave gaza unprotected. in a fiery speech, egyptian president morsi condemned what he calls israel's blatant aggression. >> we support the people of gaza. we are with them in their trenches. what hurts them hurts us and the blood that flows from their children is our blood, too. >> the israeli government says palestinian militants have fired more than 700 rockets at israel over the past year alone and it...
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egypt's relations with hamas strengthened. but the new administration in that country. protesters in turkey set an israeli flag and photo of benjamin netanyahu ablaze during a demonstration last night. let's go now to the israeli side of the border as we've been reporting israeli tanks and troops have been taking up position there's. cnn's reporter joins us live from the border. fred, thanks for joining us. what you are seeing in the terms of military activity where you are? >> reporter: hi, gary. there is a lot of military activity on this side of the border as well. a lot of it has to do with the big military buildup that's going on here. look at the roads around the area of gaza, a lot of them have been blocked off. they're not accessible anymore to normal people that want go to go through there they're a military operation zone. you're seeing a lot of military hardware on the road, usually on the back of trucks. we see a lot of tanks being delivered here, a lot of armored personnel carriers. what's going on is all this hardware is brought to collection area as well
egypt's relations with hamas strengthened. but the new administration in that country. protesters in turkey set an israeli flag and photo of benjamin netanyahu ablaze during a demonstration last night. let's go now to the israeli side of the border as we've been reporting israeli tanks and troops have been taking up position there's. cnn's reporter joins us live from the border. fred, thanks for joining us. what you are seeing in the terms of military activity where you are? >> reporter:...
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and fred, tell us why egypt is such a concern this time around. >> oh, egypt is a huge concern this time around, carol, because first of all, it has a new and very islamist government in place that, of course, for many people especially hamas in gaza believe it's more on the sides of hamas than governments in egypt have been before. there are people who believe egypt might not stand idle by as this is happening as the government did in the past when hosni mubarak was still in power. certainly egypt plays a lynchpin role in all of this. the egyptians not very happy, not only did they call for condemnation of israeli air strikes in gaza but also recalled their ambassador here from israel and responded the israeli ambassador. certainly egypt is a big concern. meanwhile, the israeli military operation in gaza is going on. there have been further air strikes. about 100 missile sites targeted by the israeli military. they're saying they're trying to target especially medium and long-range missiles they believe could be a threat to towns like tel aviv and other towns around gaza. israeli prime
and fred, tell us why egypt is such a concern this time around. >> oh, egypt is a huge concern this time around, carol, because first of all, it has a new and very islamist government in place that, of course, for many people especially hamas in gaza believe it's more on the sides of hamas than governments in egypt have been before. there are people who believe egypt might not stand idle by as this is happening as the government did in the past when hosni mubarak was still in power....
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the goal of a new piece initiative underway right now in egypt. an egyptian military official says an israeli special envoy has just arrived for talks. israel targeted hamas government buildings, homes and a media center. six journalists were injured when that media was hilt twice. let's go to the israeli border at gaza. >> reporter: there's actually an air alarm in a town a couple of miles away from here. we have heard some thumping impacts there, just a couple of minutes before we went live on this report. tonight we ourselves have had to take cover twice when there were rockets being fired. it really has been quite a busy day, quite an intense day for the people here as well. they have been having to take cover quite a number of times. we have seen, i would say at least a dozen air alarms. also we were out in an open field and we had to take shelter there several times as well. it seems as though the rocket barrages are going on even more intensely than they were before. what the israelis of course do have is this missile interceptor system whi
the goal of a new piece initiative underway right now in egypt. an egyptian military official says an israeli special envoy has just arrived for talks. israel targeted hamas government buildings, homes and a media center. six journalists were injured when that media was hilt twice. let's go to the israeli border at gaza. >> reporter: there's actually an air alarm in a town a couple of miles away from here. we have heard some thumping impacts there, just a couple of minutes before we went...
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there's a lot in it for egypt. mr. morsi has to be a pragmatist. he knows he can't alienate the united states. he may want to impose a measure of islamism. >> thanks so much for enlightening us. we appreciate it. >> thank you. >>> we'll take a quick break and be back with much more in the newsroom. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> 30 minutes past the hour. good morning, i'm carol costello. former cia director david petraeus testifying on capitol hill about the deadly attacks in benghazi, talking about what he knew and when. the firestorm over benghazi, it just keeps getting more splo explosive. here are members of the house foreign affairs committee in a briefing on the attacks yesterday. >> what is clear is that this administration, including the president himse
there's a lot in it for egypt. mr. morsi has to be a pragmatist. he knows he can't alienate the united states. he may want to impose a measure of islamism. >> thanks so much for enlightening us. we appreciate it. >> thank you. >>> we'll take a quick break and be back with much more in the newsroom. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated...
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there had been rioting in egypt and of course, this is the contradictory thread of the narrative here, that it was riots that -- in egypt that led to the attack on the embassy in libya on the consulate in libya. so he's going to talk about having these two threads of information but his sense right from the start that it was a terrorist attack by answar al sharia. a pretty murky group, loose collection of characters. >> this is interesting to me. just to be clear, your source is saying general petraeus knew almost immediately or felt that it was a terrorist attack, knew the group involved, even though he told members of congress three days after the attack that it could have been spontaneous and there's also the statement made by the director of national intelligence on the dni the end of october who put out a statement saying in the wake of criticism of ambassador rice, saying that early reports indicated it might have been linked to -- might have been a spontaneous demonstration and ambassador rice went out on sunday saying -- five days after, saying it was possibly -- early reports
there had been rioting in egypt and of course, this is the contradictory thread of the narrative here, that it was riots that -- in egypt that led to the attack on the embassy in libya on the consulate in libya. so he's going to talk about having these two threads of information but his sense right from the start that it was a terrorist attack by answar al sharia. a pretty murky group, loose collection of characters. >> this is interesting to me. just to be clear, your source is saying...
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the historic ties between egypt and gaza in particular and egypt ruled gaza for something like 19 years or so. so, of course, there is a sense of outrage in egypt and anyway, we should remember it was never good between egypt and israel even under mub abak, but what the israelis now miss is sulaiman and the vice president of mubarak. he was tied to israeli intelligence. what kind of proximity and that kind of affinity is gone and what you have in hamas now is the sense that there is an islamist wage in the region and they see the islamist government in tunisia and they look around and see turkey hovering over the region with an islamist government and they feel the wind is blowing their way. >> do you think it is blowing their way? >> not at all because in the end the hamas people would be fooling themselves and the palestinians would pay the price for this kind of folly because the arab world is not going to march to the tune of hamas. the saudi monarchy, if you listen to what's happening and what's coming out of saudi arabia, the only thing the saudi monarch said was we need the rule
the historic ties between egypt and gaza in particular and egypt ruled gaza for something like 19 years or so. so, of course, there is a sense of outrage in egypt and anyway, we should remember it was never good between egypt and israel even under mub abak, but what the israelis now miss is sulaiman and the vice president of mubarak. he was tied to israeli intelligence. what kind of proximity and that kind of affinity is gone and what you have in hamas now is the sense that there is an islamist...
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Nov 17, 2012
11/12
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it's also threatening security and peace in egypt and the egyptian territory. we have to remember just about two months ago in the high holiday of ramadan, the muslim holiday, terrorists murdered cold blooded 16 egyptian soldiers so the terror from hamas in gaza easily spills over into sinai. >> the israeli deputy foreign minister danny ayalon, take a look at your screen. these are live pictures, by the way, that you're looking at. an explosion in gaza city just after 4:00 in the afternoon there. we've been speaking to our sara sidner in gaza. she was telling us earlier that hamas police headquarters had been hit and showing us the damage there. she said the explosions continue. the streets are pretty well deserted except for a few cars here and there. certainly drones in the sky as well. the death toll, she told us, was up to about 39 in gaza, so once again here you can see smoke filling the air in gaza city just after 4:00 in the afternoon. some live pictures we'll keep an eye on for you. next up, the other side of the story from a member of the palestinian l
it's also threatening security and peace in egypt and the egyptian territory. we have to remember just about two months ago in the high holiday of ramadan, the muslim holiday, terrorists murdered cold blooded 16 egyptian soldiers so the terror from hamas in gaza easily spills over into sinai. >> the israeli deputy foreign minister danny ayalon, take a look at your screen. these are live pictures, by the way, that you're looking at. an explosion in gaza city just after 4:00 in the...